[Relationships among the Non-Genetically Modified Soybean and Energy Prices]
AbstractIn the United States, recently the use of soybeans as an energy source has drawn attention. It is concerned in Japan that if the use of soybeans for energy keeps increasing, not only the price of conventional soybeans, which is used for soybean oil, but also the price of non-genetically modified organism (Non-GMO) soybeans, which is consumed for food, will increase. This paper examines the price relationships between the non-GMO and conventional soybean prices, and energy prices such as those of crude oil and ethanol using the cointegration methods. The results suggest that the prices of the non-GMO and conventional soybeans do not have price relationships with those of the energy prices. This implies that the non-GMO and conventional soybean markets are not affected by the energy markets.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 38186.
Date of creation: 01 Jun 2011
Date of revision: 20 Aug 2011
non-GMO soybeans; conventional soybeans; crude oil; ethanol; cointegration;
Find related papers by JEL classification:
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
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